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PROJECT TOPIC: BUDGETARY PLANNING AND CONTROL AS A TOOL FOR EFFECTIVE MANAGEMENT OF RESOURCES (A CASE OF PAN-AFRICAN UNIVERSITY, LAGOS).

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ABSTRACT

This research was on budgetary planning and control as a tool for Effective management of Resources, taking Pan-African University as a case study. The budget as a management tool is used as a communicating these plans to various responsibility centre. To motivate manager to achieve goals as a benchmark for controlling ongoing activities as a basic for evaluation performance and working of their responsibilities. This study adopts the survey design method because of the large sample size and the focus of the study. The sample of the study consisted of 15 management staff, 20 senior staff and 15 junior staff of Pan-African University and as well used the questionnaire as a major instrument for gathering it data and elicits unbiased responses. This was structured so as to guest the respondents understanding, data gathered for the study were analyzed through the statistical technique of relative percentage with aids of a frequency table. The study reveals that budget serves as a veritable tool for financial control in an organization. Based on these findings the study concludes that even though budget procedures are at times circumvented budgetary control are effective which correct procedure4sw are adhere to the study. The study therefore recommends that budget unit should be funded properly, that staff responsible for budget preparation should be trained through attendance of seminars, workshop and conferences as well as refresher courses to enhance productivity.

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

          There is a great need for effective planning and management of resources and the coordinating of human effort in achieve the enterprise objective. On an annual basis, Pan-African University  have been preparing budget for her proposed in causes and expenditure for a fiscal period. Budgeting in private sector is usually in two phases of the financial management circle. These consists of the short-term plans of the organization in term of policies programmed project activities and presetting of the yard stick for effective operations against which the numerous activities of the organization. They consist of execution accounting and internal control in which internally controlled. The impacts of budgeting planning and control in service of organization such as Pan-African University .


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